14716 Turkey Hills Rd, Newalla, OK 74857
5 beds · 3 baths · 2,923 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning 5-bedroom (plus office w/closet), 3-bathroom, custom built home with an in-ground pool, and shop all situated on a peaceful 5-acre lot. Offering 2923 sqft of luxurious living space, this home is designed for comfort and convenience. Upstairs, you'll find a versatile bonus room perfect for a home office, playroom, or media space. While the upstairs flex room can serve many functions, it is currently serving as the 5th bedroom. Downstairs the other 4 bedrooms and office are laid out with intention and flow in mind. The spacious primary suite features a large walk-in closet, a luxurious bathroom with heated floors, a whirlpool tub, and direct access to the back patio. The laundry room, conveniently located off the primary suite, adds to the ease of daily living. The whole home water softener and walk-in carpeted safe room provide additional peace of mind and functionality. Step outside to your private oasis, featuring a heated pool and hot tub, perfect for relaxing and entertaining. The screened-in patio, wired for a TV and plumbed for gas, is complete with a gas log fireplace, creating a cozy setting for year-round enjoyment. The property also includes a 30x40 foam insulated shop, oversized garage with beautiful epoxy floors, chicken coop and shed, offering plenty of storage and space for outdoor hobbies. The driveway is chip and seal, ideal for enhancing traction in all weather as well as extending the life of the driveway. Whether you're enjoying the serene surroundings, hosting gatherings, or relaxing by the pool, this home offers an unparalleled lifestyle. Conveniently located between I-40 and Hwy for easy access to downtown, Norman, or Shawnee. **GUN SAFE and POOL RELATED EQUIPMENT/ACCSSORIES stay with acceptable offer**Don't miss your chance to make this dream home yours!
Source: MLSOK #1161968
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1161968
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.